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Canada's Reserves Rise by $2.9 Billion
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Overview
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Canada's official international reserves rose by $2.9 billion in November, reaching $115.44 billion, with a net increase of $2.9 billion due to reserves management operations, return on investments, foreign-currency debt charges, revaluation effects, and no official intervention. The currency composition of deposits and securities included $62.35 billion U.S. dollars, $11.5 billion euros, $8.61 billion pounds sterling, and $5.07 billion yen.
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How does Canada's reserves growth compare to other countries in the global financial landscape?
How might Canada's increased reserves impact its international trade and economic relations?
What strategies could Canada employ to further enhance its financial reserves and international reserves?
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